$472,000

402 University Ave Ithaca, NY 14850

Estimated payment $3,816/month

Total Views 396
5 Beds
3 Baths
2,661 Sq Ft
$177 Price per Sq Ft

Highlights

  • Deck
  • Property is near public transit
  • Attic
  • Boynton Middle School Rated A-
  • Wood Flooring
  • 1 Fireplace

About This Home

Rare opportunity on Cornell’s West Campus, bordering the beautiful Fall Creek neighborhood. Very short walk to Cornell, Cascadilla Gorge Trail, and waterfalls! Located outside of the designated flood zone! The main house can function as a 5-bedroom rental, or reserve the two rooms downstairs for full-size living and dining areas to create a comfortable home. Live in it yourself or capitalize on strong rental demand in this prime location. A fully rented 1-bedroom apartment in the rear provides steady income. Both units feature covered porches that offer a peaceful retreat with beautiful views and western-facing sunsets. University Avenue connects Ithaca’s vibrant community with the heart of Cornell. Conveniently located along the TCAT bus route 10: servicing Cornell and downtown.

Listing Agent

Tyler Parseghian

Howard Hanna S Tier Inc Brokerage Phone: 315-406-2852 License #10401382717 Listed on: 10/14/2025

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,765

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 62x110
  • Rectangular Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Stone Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,661 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Partially Finished Basement
  • Walk-Out Basement
  • Attic

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit

Schools

  • Cayuga Heights Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Programmable Thermostat
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 500700-032-000-0002-008-000-0000

Community Details

Overview

  • Association fees include common area maintenance, electricity, gardener, heat, hot water, water
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,765

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 62X110
  • Road Frontage Type: City Street
  • Architectural Style: Duplex
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1920
  • Attribution Contact: 315-406-2852
  • Special Features: None
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Appliances: Gas Water Heater
  • Owner Pays: Electricity, Gas, Grounds Care, Heat, Hot Water, Water
  • Has Basement: Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 400.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Laminate, Tile, Varies
  • Interior Amenities: Attic, Ceiling Fan(s), Other, See Remarks, Programmable Thermostat
  • Living Area: 2661.0
  • Stories: 3

Exterior Features

  • Lot Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Balcony, Deck
  • Foundation Details: Stone
  • Patio And Porch Features: Balcony, Deck
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Gas, Baseboard, Electric, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Common Area Maintenance, Electricity, Gardener, Heat, Hot Water, Water

Schools

  • Elementary School: Cayuga Heights Elementary
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 7405.0
  • Parcel #: 500700-032-000-0002-008-000-0000

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 15765.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,964 $500,000 $78,900 $421,100
2023 $10,548 $486,000 $78,900 $407,100
2022 $13,660 $450,000 $78,900 $371,100
2021 $11,640 $330,000 $78,900 $251,100
2020 $7,588 $330,000 $78,900 $251,100
2019 $3,034 $325,000 $78,900 $246,100
2018 $7,668 $325,000 $78,900 $246,100
2017 $7,518 $310,000 $50,000 $260,000
2016 $7,588 $310,000 $50,000 $260,000
2015 -- $290,000 $50,000 $240,000
2014 -- $290,000 $50,000 $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2025 10/14/25 For Sale $472,000 +60.0% $177 / Sq Ft
07/25/2013 07/25/13 Sold $295,000 +7.3% $130 / Sq Ft View Prior Sale
06/25/2013 06/25/13 Pending -- -- --
01/01/1800 01/01/00 For Sale $275,000 -- $122 / Sq Ft
Source: Ithaca Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Mariette Geldenhuys
Deed $295,000 Geldenhuys Mariette
Interfamily Deed Transfer $145,000 Jonathan Albanese
Source: Public Records

Source: Ithaca Board of REALTORS®

MLS Number: R1644575

APN: 500700-032-000-0002-008-000-0000